►
Description
Finance, Ways, and Means Committee of the Extraordinary Session II- House Hearing Room I- October 19,2021
A
Good
afternoon,
I'd
like
to
call
the
finance
ways
and
communes
committee
to
order
for
october
19th
2021..
Ms
clark,
would
you
please
call
the
roll
or
madam
clerk
representatives.
B
A
Thank
you
very
much
and
thank
you
all
for
being
patient.
I
know
we're
a
little
past
our
scheduled
time,
but
are
there
any
personal
orders
or
announcements
before
we
get
underway.
A
Seeing
none
we've
got
two
bills
on
our
calendar
today,
we'll
take
up
the
regular
calendar
first,
followed
by
the
addendum
calendar
and
members,
your
relevant
doc
documents
can
be
found
on
your
dashboard.
A
So
with
that,
I
will
pass
the
gavel
to
chairman
hicks.
C
C
Is
that
correct
on
the
drafting
code?
That
is
correct.
We
do
have
a
motion,
a
second
any
discussion,
seeing
them
without
objection.
We're
now
voting
on
house
bill
9967
on
to
house
bill
number
two,
all
those
in
favor
say
aye,
all
those
opposed.
No
the
eyes
have
it
we're
back
on
house
bill
number
two
as
amended
any
discussion
on
the
bill
as
amended.
A
The
amendment
was
basically
just
to
clean
up
clarification
and
putting
a
bill
number
on
it.
This
is
the
bill
that
funds,
the
project
that
we're
here
in
special
session
to
approve
and
to
discuss
the
you
have
the
copy
of
the
bill.
There
is
a.
A
A
In
addition
to
that,
that
total
is
678
million
two
hundred
eighteen
thousand
three
hundred
dollars
in
addition
to
that
there's
200
million
dollars
that
will
be
moved
from
the
general
fund
to
the
department
of
transportation
for
a
new
interchange
on
the
interstate
and
some
other
additional
road
work.
That
will
be
done.
We're
doing
that.
As
you
know,
we
have
a
highway
fund
that
is
funded
from
our
gasoline
tax.
A
We
are
putting
the
money
from
the
general
fund
to
cover
these
expenses
so
that
we
won't
be
taking
dollars
from
the
improve
act
and
from
other
approved
projects
that
tdot
is,
is
already
working
on
or
will
be
working
on.
In
addition
to
that,
there
is
five
million
dollars
for
non-recurring
expenses
that
will
be
used
for
consulting
services
for
the
local
governments
and
setting
up
legal
services.
A
All
of
the
things
that
we
will
be
required
to
set
up
the
authority
that
will
have
oversight
of
this
facility
of
this
this
property
and
of
this
project,
and
that
also
would
include
this
project,
as
you
know,
is
going
into
very
rural
counties
in
west
tennessee.
A
Those
counties
do
not
have
the
infrastructure,
nor
do
they
have
the
expertise
to
manage
a
project
of
this
size.
So
some
of
these
dollars
will
of
these
five
million
dollars
will
be
allocated
to
be
used
to
help
those
local
governments
enable
them
to
hire
the
consultants
and
the
people
that
they
would
need
to
help
them
make
sure
that
their
work
is
done
in
an
appropriate
way.
A
A
The
three
positions
there
will
be
a
ceo
there'll,
be
two
other
positions,
so
that
will
fund
those
for
the
rest
of
this
budget
year.
Those
dollars
will
be
included
in
next
year's
and
in
future
budgets
on
an
as
part
of
the
base
budget,
but
that
that
additional
675
thousand
dollars
is
what
it
will
take
to
get
the
mega
site
authority
up
and
running
for
this
year
and
to
pay
the
personnel.
So
with
that.
C
D
Thank
you,
mr
chairman.
Thank
you,
madam
sponsor.
This
is
a
a
great
opportunity
for
the
state
of
tennessee.
I'm
excited
about.
I'm
excited
about.
You
know
the
transformation
that's
going
to
take
place
in
west
tennessee.
D
I
think
this
is
a
long
time
coming
and
grateful
that
we're
at
this
place,
where
we
can
really
move
our
state
forward
with
respect
to
all
of
the
great
jobs
and
all
of
the
great
activity
that's
come
going
on
in
west
tennessee.
I
do
have
a
couple
of
questions,
however.
D
Miss
sponsor,
maybe
you
or
the
commissioner
could
answer
I'd,
be
interested
to
know
we're
in
the
middle
of
our
current
budget,
and
so
this
is
going
to
go
back
in
to
amend
that
budget,
and
I
would
be
interested
to
know
maybe
from
the
commissioner
or
you,
madam
chair,
in
looking
at
the
almost
900
million
dollars
that
we're
about
to
invest,
which
I
think
is
a
great
investment
for
the
state
to
do.
D
Can
you
talk
about
the
available
funds
that
we
will
be
using
in
order
to
invest
these
almost
900
million
dollars.
B
A
Thank
you,
mr
chairman.
I
it's
my
understanding
that
these
funds
will
be
coming
from
our
over
collections.
We
were
not
having
to
borrow
or
bond
any
of
these
monies.
We've
been
very
fortunate,
as
you
know,
with
our
budget
in
tennessee
for
last
year
and
the
end
so
far
this
year,
so
those
funds
will
be
coming
from
our
over
collections.
D
Okay,
thank
you
and
with
respect
to
that,
I
would
be
interested
to
know
like
after
ford
received
these
funds.
D
Will
we
allow
ford
to
spend
the
funds
based
on
their
own
contract
policy,
their
procedures,
the
ford
values
or
any
restrictions
on
how
ford
could
actually
use
it,
based
on
their
own
policy
procedures
and
corporate
values?
Chair.
A
Those
will
be
for
grants
for
jobs,
training
for
all
of
the
normal
kinds
of
grants.
That
ecd
does.
Those
also
are
the
grants
that
would
have
the
clawbacks
that
have
been
discussed
in
some
previous
hearings
today,
if
the
jobs
that
we
are
prepaying
for,
if
you
will
do
not
come
to
fruition
at
the
end
of
the
10
year
period,
then
there
is
clock.
There
are
clawback
provisions
related
to
that
500
million
dollars.
Obviously
the
other
money
is
basically
going
into
the
ground
or
into
the
authority.
D
Thank
you
and
thank
you,
madam
chair,
really
appreciate
it.
I'm
glad
to
hear
that
so
the
fact
that
ecd
in
this
case
would
be
working
with
ford
on
how
these
dollars
would
be
expended,
then
I
presume
that
the
current
policies
and
procedures
that
the
state
have
in
place
would
be
applied
with
these
funds.
E
B
E
But
I'll
but
I'll
I'll
go
ahead
and
make
the
make
the
questions.
First,
as
we're
hearing
chair
lady
leader
camper
talk
about
the
the
funding
that's
available
there.
Are
we
looking
at
we're
going
to
appropriate
it
in
this
current
budget?
Are
we
going
to
expend
and
and
send
these
funds
out
in
the
same
budget
year,
or
is
there
a
time
frame
over
the
next
x
number
of
years
that
those
funds
will
be
expended
chair.
A
I
don't
believe
it
would
be
reasonable
to
expect
that
all
these
monies
could
be
expended
in
the
eight
months
that
are
going
to
be
left
in
this
budget
year,
so
these
dollars
will
be
set
aside
and
will
be
expended,
for
instance,
with
the
job
training.
Those
dollars
would
be
expended
as
as
people
are
hired.
So
again,
this
is
just
allocating
these
funds,
but
the
expenditures
will
much
of
the
expenditure
will
of
necessity
coming
out
years.
A
E
And
the
question:
that's
not
necessarily
germane
to
this,
but
it's
still
an
important
question
and
information
for
me.
I'm
wondering
how
many
dollars
over
the
last
decade
and
a
half
to
going
on
two
decades
now
that
have
been
been
invested
in
the
west
tennessee
mega
site
and-
and
that
may
be
a
question
on
the
other
piece
of
legislation.
But
does
anyone
in
the
room
have
a
ballpark
idea
how
many
millions
of
dollars
we
have
invested
previously
prior
to
now
on
the
on
the
site.
A
I
have
a
ballpark,
but
I
have
you
know,
I'm
not
sure
that
I
could
back
it
up.
So
that
is
something
if
we
do
got
a
session,
then
certainly
something
that
we
could
ask
of
our
finance
administration.
Folks.
C
Okay
at
this
time,
without
objection,
I'm
going
to
ask
a
couple
of
departments
to
go
ahead
and
come
on
up.
I
see
general
services
there
as
well
as
finance,
and
I'm
going
to
also
ask
commissioner
roth
to
come
on
up
and
anyone
else.
He
would
like
to
bring
we're
going
to
go
out
of
session
without
objection
we're
out
of
session,
and
I
would
ask
our
guests
before
you
speak.
Please
just
identify
yourself
and
you
only
have
to
do
that.
C
F
Yes,
sir,
so
my
name,
ladies
and
gentlemen,
is
bobby
roth
and
I
work
for
our
department
of
economic
and
community
development
and
it's
our
team
that
has
spent,
I
think,
the
lion's
share
of
time
working
on
the
mega
site,
along
with
our
partners
at
the
department
of
general
services.
The
short
answer
is:
we
have
collectively
spent
approximately
90
million
dollars.
Those
are
proceeds
out.
F
The
door
and
close
to
a
majority
of
those
dollars
were
spent
on
the
acquisition
of
the
land,
and
then
there
was
a
significant
expenditure
for
the
new
highway
222
that
runs
south
to
north,
the
interchange
there
at
I-40
exit,
42.
separate
and
apart.
The
general
assembly
has
appropriated
approximately
an
additional
100
million
dollars,
including
more
recently,
the
general
assembly
approved
a
15
million
dollar
to
to
bring
that
that
balance
to
100
million
so
again,
90
million
out
the
door
and
100
million
appropriated
to
be
available
to
be
spent
chairman.
E
C
A
And
I
I
think
I
misspoke
and
mr
ely
is
there
and
he
can
speak
to
it
more
directly,
but
the
ford
funds,
the
500
million
dollars.
If
you
want
to
share
with
this
commissioner,
the
the
timing
of
those
expenses.
G
Thank
you,
butch
ely,
with
with
fna
and
I'll
I'll
defer
in
a
moment
to
commissioner
rolfe
to
to
fill
in
on
this
question.
But
I
don't
think
you
really
miss
you
really
misspoke,
chair
hazelwood.
G
All
of
these
all
these
funds
won't
be
spent
immediately
in
the
in
the
next
few
months,
but
but
I
think
it's
important
to
note
that
the
that
that
ford
is
ready
to
go
and
is
ready
to
move
forward,
and
so
you
you
might
address,
commissioner,
the
the
timing
of
that
so
that
everybody's
aware
of
that.
F
Thank
you,
commissioner
ely.
So
the
500
million
dollar
ed
capital
grant
that
will
be
available
for
ford.
It
is
a
reimbursement
grant
and
what
I
mean
by
that
is
ford.
Motor
company
will
have
to
spend
the
money
first
and
then
they'll
submit
the
paperwork
paperwork
in
the
receipts
to
ecd,
and
we
would
administer
that
grant
like
we
do.
The
other
hundreds
of
economic
development
fast
track
grants,
eligible
costs,
include
site,
preparation,
building,
construction,
on-site
infrastructure
improvements
and
other
eligible
development
activities,
including
engineering
design
and
other
architectural
on-site
sewer,
water,
other
utility
infrastructure
expenses.
F
A
Thank
you.
I
just
wanted
to
make
sure
that
everybody
understood
that
those
the
timing
on
the
spending
of
those
dollars.
I.
G
Didn't
want
to
and
the
same
and
of
course,
the
same
thing
for
the
the
other
major
projects
with
the
tcat
and
in
the
the
tdot
projects.
You
know
they'll
they'll
take
some
time
to
build
out,
but
but
those
funds
will
go
ahead
and
be
set
aside
and
sent
to
those
departments.
H
Thank
you,
mr
chairman.
Well,
first
of
all,
thank
you
all
for
being
here
before
I
go
to
my
initial
question.
H
I
gotta
told
you
so
the
interchange
I
tried
my
best
to
get
this
committed
to
see
that
we
needed
that
interchange
when
we
first
started,
and
everybody
said
no,
so
I
told
you
also
now
on
to
the
question
lady
chair,
you,
you
talked
about
a
certain
amount
of
money
that
would
go
to
local
municipalities
for
developments,
and
I
know
there's
about
I
encountered
a
maybe
it
could
be
12
or
13
municipalities
that
are
within
30
to
45
minutes
of
the
memphis
regional
mega
site.
C
C
C
B
Mr
chairman,
and
I
I'm
not
sure
which
commission
this
is
for,
but
I
it's
a
question
I'm
interested
in
is
the
fact
will
on
the
mega
site
itself
and
it's
a
two-part
question
depending
on
how
you
answer.
Will
there
be
any
retail
on
the
the
the
4
000
acre
mega
site
that
we're
developing?
Will
there
be
any
retail
that's
taking
place
there.
F
Mr
chairman,
we
do
not
anticipate
the
way
this
is
being
carved
up.
F
If
you
will,
the
prize
is
the
ford
motor
company
original
equipment
manufacturing
plant,
and
so
they
have
asked
that
we
reserve
3600
acres
and
so
as
a
part
of
that
campus
there's
this
sk
battery
joint
venture
and
then
we
anticipate
perhaps
another
12
to
15
other
suppliers
that
will
take
up
the
balance
of
the
park
separate
and
apart,
there's
about
500
acres
of
which
ecd
our
team
is
actively
recruiting
a
non-automotive
potential
tenant
there
and
then
at
the
very
front
of
the
site,
will
be
the
tcat
and
that's
gonna,
be
right
on
I-40
and
that's
going
to
be
the
front
door.
F
B
You
don't
see
in
the
foreseeable
future,
any
retail,
but
I
mean
you're.
This
is
a
pretty
big
site,
they're,
obviously
going
to
have
places
that
people
can
buy
food.
There's
stuff
like
that.
So
my
thought,
my
question
is:
if
there
is
something
that
it
turns
out
to
be
retail,
is
there
anything
in
the
legislation
that
is
a
tiff
or
or
would
the
retail
be
taxed
normally
the
way
we
tax
retail
currently
or
is
there
something
special
in
there
for
the
mega
site
itself.
F
B
C
H
Okay,
thank
you
and
I
think
then,
that
question
go
to
you,
commissioner,
that
I
was
asking
chair,
lady
about
the
municipalities.
I
know
there's
I
believe
she
said
5
million
dollars
for
local
governments
grants
as
such,
and
there
are
several
municipalities
around
that
area.
Are
you
able
to
identify
what
municipalities
will
be
will
qualify
for
their
grant
money.
F
Representative
johnny
shaw:
that
is
a
new
part
of
the
conversation
that
would
that
has
been
presented
by
the
governor's
office
for
these
extra
dollars
and
think
of
these
extra
dollars
as
planning
grant
dollars,
so
that
these
municipalities
and
these
counties
who
are
going
to
be
doing
their
own
share
of
heavy
lifting.
F
You
know
the
state's
going
to
put
a
billion
dollars
in
the
state's
going
to
go,
deliver
this
site
the
state's
going
to
spend
a
lot
of
money
getting
the
site
up
and
operating
from
an
infrastructure
perspective,
and
then
the
local
communities
are
going
to
be
very
engaged.
F
It's
going
to
be
up
to
local
community
representative
to
provide
certainly
retail,
that
we
talked
about
in
hotels
and
hospitality,
and
housing
and
education
and
emt
services
etc,
and
I
think
the
governor's
office,
their
their
thought,
was:
let's
create
an
extra
bucket
of
capital
to
help
these
communities
with
the
planning
of
what's
coming
next
because,
as
we
all
know,
this
is
a
six
mile
campus,
that's
going
to
transform
every
it
really.
Every
community
is
going
to
be
touched
from
jackson
to
to
memphis.
F
I
Hi
aaron
merrick,
thanks
for
letting
us
speak
today,
so
I
was
going
to
provide
some
additional
context
about
money.
That's
coming
through
these
local
coming
to
these
locals
through
the
pilots
as
well,
and
how
that's
going
to
be
allocated
and
the
manner
in
which
that
that's
done
is
going
to
be
through
the
authority
who's
going
to
look
at
those
effects
that
commissioner
was
describing
about.
Where
are
we
seeing
the
growth
because
the
growth
has
the
needs
for
the
ems,
the
needs
for
fire?
The
needs
for
all
of
those
things.
I
G
Represented
commissioner
yeah,
so
I
I
I
thought
aaron
may
want
to
comment
more
on
that,
but
but
representative
what
what
we're
anticipating,
as
as
commissioner
said,
we
realize
that
this
is
going
to
be
a
heavy
lift
for
all
of
those
communities.
There
is
not
a
there
is
not
a
breakdown
or
a
pro
rata
or
or
a
share
of
those
dollars
that
has
been
predetermined.
G
We
will
we're
just
simply
recognizing
that
that
there's
gonna
be
some
some
needed
resources
there
for
our
local
communities,
and
so
we're
we're
just
simply
setting
some
money
aside
to
be
able
to
to
to
have
to
be
able
to
help
with
those
as
it
comes
about.
So
there
is
no
predetermined
amount
that
is
already
determined
for
each
of
those
communities.
At
this
point,
representative.
H
Oh-
and
I
just
want
to
quickly
say
because
I
why
what
I've
got
time,
I
know
you
know,
we
know
that
haywood
county
brownsville
is
county
seat.
We
know
that
stanton
is
in
haywood
county,
but
then
there's
somerville,
because
there's
bolivar,
there's
jackson,
there's
all
those
areas-
and
I
was
just
wondering
who
would
be
in
line
to
apply
for
that
grant
money,
because
I
envision
all
these
areas
going
to
be
growing
now.
You
know
most
folks
want
to
drive
30
minutes
to
work
rather
than
living
close
to
work.
H
H
The
chairman
has
also
given
me
permission
to
ask
the
question
I
was
going
to
ask
later
I
didn't
know
I
could
ask
it
now,
and
that
is
who
will
be
on
the
board
mega
site
board?
How
many
and
how
long
does
that
tenure
last
from
beginning
now,
because
I
know
we
have
we,
we
have
a
board
which
I
assume
is
going
to
be
resolved
or
dissolved.
Excuse
me
and
there
will
be
a
new
board
selected.
H
I
think
I'm
on
track,
and
I
don't
know
who
gets
this
question,
but
how
many
will
be
on
it?
Who
will
they
be
and
will
there
be
local
people
on
this
board?
Just
kind
of
walk
me
through
that,
because
I
know
that's
been
a
concern
right.
C
B
Thank
you,
commissioner
rolfe
commissioner
ely
for
being
here
and
your
staff.
I
I
just
had
a
couple
of
clarifications
on
the
money.
The
legislature
over
the
years
have
appropriated
179
million
dollars,
as
it
relates
to
the
mega
site
through
different
allocations.
Since
2009
the
numbers
you
referenced
earlier
were
90
million
dollars
that
have
already
been
expended.
B
There's
some
additional
monies
that
we
put
in
the
budget
this
year,
15
million
dollars
of
those
unconsumed
monies
which
were
about
70
million
dollars
and
then
the
15
million
dollars
that
we
put
in
the
budget
this
year.
Is
it
the
expectation
that
those
115
million
dollars
would
be
consumed
in
addition
to
the
138
million
dollars,
or
would
that
would
would
they
include
those
numbers?
I
guess
that
would
be
the
question.
The
answer
to
that.
B
K
Thank
you,
mr
chairman,
thank
you,
commissioners
for
being
here
for
your
hard
work
on
this
particular
project.
I'm
sure
you
all
have
had
a
short
day
today,
and
so
we
appreciate
you
all
being
here.
My
question
is
I'm
trying
to
figure
out
the
best
way
to
answer
this,
and
we
talk
in
numbers
that
I
can't
hardly
comprehend
right,
we're
now
at
984
million
dollars
for
this
investment.
K
I
say
the
word
investment,
because
we
are
in
an
incredible
position
as
a
state
to
have
a
surplus
that
we
can
pay
for
something
like
this
from
our
savings
right.
So
when
I'm
talking
to
my
constituents
and
we
look
at
what
our
main
role
is
here-
is
to
spend
their
money
wisely,
this
makes
me
nervous
right
makes
me
nervous
that
we're
going
to
make
a
commitment
like
this
with
this
grand
of
a
scale.
But
here's
why
here's?
K
What
I
try
to
tell
my
folks
at
home
that
I
want
some
feedback
from
you
all
and
look
at
what
past
performance
is
because
right,
if
we,
if
we
have
a
household
and
you
have
a
surplus
you're
going
to
look
at
something
say
how
am
I
going
to
save
those
dollars
right?
You
hope
you'll,
maybe
talk
to
a
financial
planner
for
a
financial
person
and
say
what
can
I
do
to
build
my
nest
egg?
K
What
can
I
do
to
make
sure
I
save
this,
so
it
makes
a
return
later
on
that
person
is
not
going
to
say.
Oh,
I
can
guarantee
this
return
right.
That's
going
to
make
10
of
the
next
10
years.
I
guarantee
that's
illegal,
you
can't
you
can't
do
that.
So
what
they
look
at
is
what
they've
done
for
their
past
performance.
What's
this
certain
mutual
fund
done,
what
is
the
s
p
index
done?
K
What
is
what
are
things
like
that
done
for
our
past
performance
that
makes
this
investment
the
right
thing
to
do
for
my
household.
So
that's
how
I
explain
it
to
my
constituents
to
say
this
is
an
investment
that
tennessee
is
making
that
what's
that
going
to
turn
into
so
our
past
performance.
I
mentioned
that
before.
What
does
that
look
like?
Can
any
of
you
all
give
any
sort
of
insight
on?
What's
happened
with
volkswagen
in
chattanooga?
What's
happened
in
smyrna
with
nissan?
K
What's
happened
with
saturn
and
spring
hill
that
has
created
a
return
that
would
make
a
financial
advisor
say
for
my
family.
This
is
a
good
investment
for
tennessee,
for
what
it's
going
to
look
like,
potentially
10
years
down
the
road,
so
those
locations
for
dealerships
for
a
ford,
that's
come
to
tennessee!
That's
what
I
look
at
as
past
performance.
K
How
has
that
done?
Can
any
of
you
all
kind
of
elaborate
on
what
we've
done
in
the
past
and
why
we've
been
successful,
because
I
do
believe
that
that's
been
a
very
successful
enterprise
for
those
communities
and
I'd
like
to
see
if
that
past
performance
can
turn
into
what
this
mega
site.
We
want
it
to
be
over
the
next
20
30
years
for
west
tennessee
and
for
really
alternate
sense.
So,
who
would
like
that
bobby
question.
F
Yes,
sir,
another
great
question,
sir:
when
we
look
at
the
most
recent
significant
investment,
I
would
ask
us
to
think
about
what
happened
at
volkswagen,
and
so
when
volkswagen
made
the
decision
to
come
to
hamilton
county,
the
state
provided
an
ecd
fast
track
grant
for
about
260
million
dollars,
and
that
was
for
phase
one.
That
was
a
million
a
billion
dollar
investment
by
volkswagen
and
it
was
2
000
jobs,
and
so
the
cost
per
net
job
created
was
a
hundred
and
thirty
thousand
dollars.
That
was
phase
one.
F
Now
you
would
say
well
what
does
that
return
look
like,
and
I
don't
think
you
could
probably
gauge
it
because
phase
two
came
around
in
2015
and
volkswagen
committed
another
600
million
dollars
created
another
2,
000
jobs
and
the
state
provided
about
178
million
dollars
and
then
in
2019
volkswagen
decided.
You
know
what
the
electric
vehicle
is
such
an
important
part
of
our
portfolio.
F
They
committed
another
800
million
dollars
of
private
capital
investment
and
the
state
committed
another
50
000
for
a
thousand
jobs,
and
so
I
can
just
simply
say
the
most
recent
example
is
going
to
be.
What
has
happened
in
the
in
the
community
in
and
around
chattanooga
hamilton
county?
What
is
not
in
these
data
points
is
the
entire
supplier
park
that
wraps
around
the
volkswagen
original
equipment
manufacturing
plant
and
the
great
news
is
today
it
is
full.
F
It
is
full
to
the
extent
that
other
private
activity
has
arrived,
to
create
additional
parks
to
take
care
of
those
expansions
of
those
other
suppliers.
So
the
short
answer
is
that
is
an
enormous
investment
by
volkswagen
two
point:
whatever
2.4
billion
dollars,
5
000
jobs
and
the
state's
investment
was
close
to
400
million
dollars.
So
that
is
one
data
point
when
you
fast
forward
to
look
at
what
we're
doing
on
the
western
part
of
the
state,
this
is
5.6
million
dollars
of
phase
one.
F
This
is
fifty
5760
jobs
in
phase
one
and
the
state
is
being
asked
by
ford
motor
company
to
help
offset
some
of
their
costs,
and
so
the
capital
grant
on
the
table
is
is
500
million
dollars.
I
can
tell
you
that
this
is
just
the
beginning
and
the
reason
I
say
that
to
you
is
ford.
Motor
company
has
asked
for
they
wanted
to
reserve
3
600
acres,
so
this
is
going
to
be
any
massive
camp
cam,
I'm
campus
second
to
none.
F
We
anticipate
another
15,
maybe
12
to
15
suppliers
are
going
to
wrap
around
the
park.
I
think
the
one
thing
we
all
learned
with
covet
about
this
supply
chain
disruption
is
suppliers
cannot
be
close
enough
to
their
manufacturers,
and
I
can
promise
you
ford.
Motor
company
will
bring
everybody
that
they
can
bring
to
our
state.
So
when
you
look
at
what
that
return
on
investment,
I
think
you're
asking
the
right
question
the
state's
going
to
be
long,
500
million
dollars.
What
are
we
going
to
get
in
return?
F
That
aaron
was
talking
about
that
will
generate
another
260
million
dollars
in
payments
from
ford
motor
company
and
or
their
joint
ventures
to
the
local
community
in
a
payment
in
lieu
of
tax.
Grant
that
they're
going
to
be
paying
to
the
local
community
to
offset
all
the
costs
that
are
going
to
be
incurred
by
haywood
county.
So
when
you
in
the
aggregate,
take
those
dollars
and
try
to
calculate
a
return
on
investment,
will
this
exceed
the
success
of
what
happened
over
in
east
tennessee?
F
I
would
think
it
probably
would
now,
then
you
have
middle
tennessee.
You
have
general
motors,
and
you
have
nissan
general
motors-
has
announced
in
the
last
gosh
in
the
last
year,
two
major
projects,
a
two
billion
dollar
project-
to
build
their
electric
vehicle,
the
cadillac
lyric,
which
is
a
game
changer
and
then
their
joint
venture
with
the
battery
company.
This
ultim
sells
and
that's
another
2.3
billion
dollars,
and
so
those
would
be
phases
three
four
or
five
for
general
motors.
So
we
can
certainly
declare
victory.
I
think
at
the
gm
plant
nissan
has
been
here.
F
They
you
know
they
are
the
pioneers.
If
you
will
to
come
here
and
they've,
been
through
several
expansions
and,
of
course,
they've
been
manufacturing
electric
vehicles
really
at
the
outset
of
the
electric
vehicle
revolution.
The
great
news
is,
while
we're
so
excited.
Is
this
puts
tennessee
flat
plants
the
flag
right
really
at
the
forefront
that
we're
gonna
not
only
be
a
participant
in
the
conversion
from
internal
combustion
we
call
it
ice
internal
combustion
engines
to
the
electric
vehicle,
the
ev
and
the
great
news.
F
When
you
do
this,
math
there's
going
to
be
close
to
10
billion
dollars.
Actually,
there's
another
battery
plant
that
we
announced
we're
going
to
have
10
billion
dollars
of
private
capital
coming
to
our
state
to
be
investing
on
the
fee
in
the
future
and
that's
this
electric
vehicle.
So
for
those
I
know,
that's
a
lot
of
data
and
I
apologize
and
those
are
enormous
numbers.
F
K
Representative
gary,
thank
you
for
that.
That's
that's
kind
of
the
the
in
a
less
broad
sense.
It
seems
that
you
would
be,
and
I
share
your
excitement
and
I
appreciate
the
way
that
you
explain
that.
But
I
think
the
bottom
line
is,
if
you
would
disagree
with
me,
but
I
think
you
would
agree
with
this
is
a
good
investment
for
the
taxpayers,
money
of
tennessee.
F
Yes,
sir,
and
one
other
final
comment,
sir,
when
we
were
negotiating
our
memorandum
of
understanding,
I
can
promise
you.
We
took
such
a
strong
position
that
these
really
are
there,
your
taxpayer
dollars
that
you're
voting
and
we're
going
to
secure
the
state
and
have
all
the
protections
to
make
sure
that
we
do
not
enter
into
a
deal.
That
is
not
appropriate
for
our
state.
C
A
Can
you
give
us
a
breakdown,
and
I
guess,
commissioner
roth
I'm
looking
at
you?
I
assume
that
would
be
more
of
your
question
you
or
commissioner
ely,
but
can
you
tell
us
how
you
would
expect
those
dollars
to
be
spent
between
the
authority?
How
much
to
the
authority
for
their
legal
work
and
how
much
of
the
five
million
dollars
would
you
expect
to
be
ultimately
allocated
to
the
local
governments.
F
Okay,
so
let
me
start
and
be
as
brief
as
possible.
This
five
million
dollar
extra
commitment
was
not
in
our
mou.
This
is,
I
think,
an
idea
that
came
out
of
the
governor's
office
to
identify
exactly
what
representative
shaw
said.
There
are
going
to
be
enormous
needs
for
planning
purposes,
because
all
of
these
local
communities
are
going
to
have
to
overnight
grow
up,
and
that's
not
going
to
be
easy.
So
let
me
just
say
this
to
you.
F
As
far
as
legal
services,
we
did
engage
a
third-party
law
firm
to
help
us,
because
we
thought
this
was
so
important
and
we
wanted
to
get
it
right.
We
wanted
all
the
protections.
It
was
a
very
complicated
transaction,
but
the
legal
fees
that
we
have
or
will
incur
at
ecd
are
not
they're,
not
de
minimis,
but
they
would
be
a
small
portion
of
this
five
million
dollars
and
I'll
defer
back
to
commissioner
ely.
G
Yeah,
I
will,
I
will
get
you
a
more
definitive
answer
on
that
chair
hazelwood.
I
I
think
I
think
the
bulk
of
this
would
be
reserved
more
for
the
localities,
the
local
consulting
help.
I
don't,
but
there's
not
a
predetermined
amount
or
specific
amount
as
to
exactly
how
that
would
be.
We
just
recognized
as
this
is
this
deal
finished
up
really
what
has
been
said
here
by
by
the
members
of
this
committee.
G
This
is
going
to
have
intense
local
impact
on
the
localities,
local
governments
in
that
area,
and
we
we
wanted
to
plan
to
have
some
money
set
aside
to
be
able
to
address
and
help
them
respond
to
this,
and
so
I
I
would
anticipate
that
the
bulk
of
this
five
million
dollars
would
be
spent
to
help
the
local
governments,
but
we
also
knew
that
that
there
would
also
be
kind
of
questions
that
that
may
need
to
be
answered
from
a
legal
standpoint
of
the
authority,
and
so
we
simply
worded
it
in
this
process
to
be
able
to
to
be
able
to
respond
to
those
needs
as
well.
G
A
Startup
monies
allocated
separately
in
the
bill
for
the
authorities,
so
I'm
just
trying
to
understand.
G
Let
me
go
ahead
and
address
address
that
675.
You
mentioned
that
earlier
in
your
earlier
remarks.
So
again,
what
we,
what
we
tried
to
do
is
go
ahead
and
forecast
what
the
what
the
needs
to
be
able
to
operate
the
authority
for
the
first
year
would
be
so
that
675
is
prorated
out
for
eight
months,
beginning
november,
the
first
and
it
anticipates-
and
it's
also
it's
in
your
physical
note-
that
that
shows
more
detail
as
to
how
those
dollars
would
be
spent.
G
But
it
generally
anticipates
a
ceo
that
would
that
would
be
the
ceo
of
the
authority
and
a
couple
of
staff
people.
In
addition
to
that,
it
also
covers
the
travel
that
would
be
related
to
that.
The
the
the
board
meetings
office,
some
office
space
that
would
be
associated
with
that
down
at
the
site,
and
so
that's,
basically
the
yearly
operating
expense,
and
then
we
would.
We
would
see
how
that
goes,
and
then
true
that
up
or
address
that
in
next
year's
budget.
G
But
this
expense
that
is
included
here
would
be
would
be
in
addition
to
that.
But
we
simply
anticipated
there
likely
would
be
some
additional
legal
expense,
but
we
didn't
know
what
that
would
be,
but
we
did.
We
wanted
to
come
forth
and
make
sure
that
the
committee
was
aware
of
that.
Chair
lady
hayes,
wood.
A
So
if
I'm
understanding
you
correctly,
the
675
000
is
basically
operating
expenses
for
the
authority.
This
5
million
dollars
the
675
000,
will
be
spent
between
now
and
the
end
of
the
budget
year.
That's
correct.
The
five
million
dollars
will
be
spent
over
a
period
of
time,
as
required
as
as
grants
are.
C
F
Yes,
sir,
so
as
part
of
the
final
negotiations-
and
this
is
really-
this
is
an
ask
from
ford
motor
company
that
they
had
watched
and
visited
our
tcat
in
smyrna,
and
they
were
aware
of
what
we
did
for
volkswagen,
the
volkswagen
institute
on
the
campus
down
in
chattanooga,
and
so
they
did
ask
us
outside
of
that
half
a
billion
dollars.
Would
we
consider
providing
that
same
kind
of
state
service
and
the
short
answer?
F
F
They
have
asked
us
to
make
sure
that
we
would
have
that
as
the
front
door,
because
I
must
tell
you
one
of
their
concerns
and
we
were
able
to
articulate
and
alleviate
that
concern
was
the
ability
to
attract
five
thousand
and
people
to
this
campus,
and
so
we
were.
You
were
just
so.
That
was
what
was
that's.
How
we
provided
that
the
state
the
governor
made
that
commitment
to
them,
and
we
think
that
is
a
very
significant
commitment.
C
C
So
there's
a
significant
amount
of
money
in
there
that
money
that's
already
sitting
there
like
the
65
million
dollars
that
was
going
through
the
wastewater
for
this
past
budget.
So
it's
all
sitting
there.
Well,
the
authority
also
have
control
of
that
money.
What
happens
to
the
amount?
The
money?
That's
actually.
F
I'm
gonna
turn
this
over
to
my
colleague
in
general
services,
but
I
want
you
to
think
of
that
extra
138.
Approximately
a
million
dollars
will
be
hopefully
the
last
commitment
to
finish
building
out
the
infrastructure.
As
you
know,
we
have
this
fabulous
asset
that
has
not
one
utility
and
the
state.
I
can
promise
you
for
the
last
four
and
a
half
years
we
had.
We
have
canvassed
the
world
to
try
to
figure
out.
F
This
group,
a
natural
gas
provider,
is
going
to
be
spending
a
lot
of
capital
to
bring
a
pipeline
there,
but
at
the
end
of
the
day
it
was
the
state
that
had
to
deliver
water
and
waste
water,
because
no
one
within
that
local
proximity
had
the
capacity
the
balance
sheet
to
be
responsible
for
4.6
million
gallons
of
wastewater
a
day.
So
what
you're,
seeing
in
those
numbers
are
the
cost
to
the
state
to
provide
this
water
and
wastewater?
F
G
This
will
be,
this
will
be
dollars
that
will
will
be
expended
to
finalize
the
remaining
infrastructure
of
the
mega
site,
and
so
those
dollars
will
will
will
come
about,
as,
as
you
know,
as
we've
already
said,
we've
got
some
additional
dollars
that
have
already
been
appropriated
that
are
waiting
to
be
spent,
and
then
these
will
come
forward
and
they'll
go
through
the
regular
building
commission
process
and
be
spent
in
that
same
manner.
Okay,.
J
Maybe
I
can
just
help
add
to
that
yeah.
The
extra
138
million
is
to
complete
all
the
utilities
that
we
have
to
do.
They
come
through
as
a
capital
improvement
dollars
that
that
you
would
have
appropriated
to
us
to
do
that.
The
mega
site
authority
in
the
end
will
operate
those
systems,
so
we
will
go
out
and
we'll
hire
a
company
when
they're
finished
to
actually
operate
the
system.
However,
prior
to
that
we
have
to
build
everything.
So
that's
what
we
will
be
doing
over
the
next
two
years
to
do:
okay,
okay,.
F
Again,
the
challenge
here
is:
we
are
in
the
water
and
wastewater
business
as
a
state,
just
like
we
are
in
the
industrial
park
business,
which
is,
these
are
two
fair
ways
we're
not
used
to
participating
in
at
the
end
of
the
day,
though,
that
was
our
best
shot
on
goal
to
land.
What
we
think
is
certainly
a
very
transformational
moment
for
the
state.
L
Thank
you,
mr
chairman,
and
thank
you
all
and
again,
commissioner,
and
the
whole
team
here.
Thank
you
all
for
the
hard
work
you've
done
on
this
and
this
committee
for
really
waiting
through
it.
It
is
a
significant
investment,
and
I
know,
commissioner,
you
know
I've
talked
about
this
before,
but
in
any
given
year,
we'll
allocate
anywhere
from
100
to
300
million
plus
for
shared
investments
in
private
public-private
partnerships.
L
My
question
this
may
be
for
commissioner
ely
is
that
we
are
allocating
some
startup
funds
here
for
this
entity
and-
and
I
said
in
the
previous
committee
that
members
we
are
in
essence
setting
up
a
small
government
here,
because
that's
what's
needed
in
that
area,
I
mean
for
a
project
of
this
size.
It
has
to
have
an
entity
to
correspond
with,
and
that
can't
be
us
on
a
daily
basis.
L
It
has
to
be
an
entity,
that's
small
enough,
that
they
can
interact
with
them
and
get
the
type
of
answers
they
need
in
a
very
expedited
fashion
is
the
goal
of
this
from
a
financial
standpoint.
Just
from
the
appropriations
aspect
of
this
that
this
entity
be
self-sufficient
within
the
next
few
years,
once
this
is
all
built
once
this
is
online
once
they
are
buying
wastewater
once
they
are
paying
into
this.
L
G
Yeah
I'll
start
with
that,
and
then
I
think
everybody
can
probably
add
add
a
little
bit
if,
if
needed,
to
answer
your
question
but
but
generally
the
goal
is
yes,
I
mean
you
know
we
we
have
not
we.
This
is.
This
is
unique
in
that
the
state
owned
this
property
in
the
state
was
able
to
to
to
be
able
to
attract
this.
This
entity
here
for
motor
to
do
this.
G
The
the
main
business
that
that
this
authority
will
do
will
be
to
execute
on
the
remaining
infrastructure
that
it
takes
a
lot
of
that
being
water
and
wastewater
that
that
they
will
have
ongoing
from
that
point,
and
so
that
should
be
that
should
be
self-sufficient
over
over
time.
It
may
not
be
from
day
one,
but
it
should
be
self-sufficient
in
the
long
run
later
lamborghini.
You
want
to
be
chairman
before
you.
I
I
C
L
You
stole
my
follow-up,
so
that's
perfect!
Thank
you.
That
was
exactly
kind
of
what
I
was
looking
for.
Is
that
long
term
this
isn't
going
to
be
something
that
we
can
anticipate
folks
that
are
here
long
after
many
all
all
of
us
may
have
gone
on
with
our
lives
and
something
else
or
whatever,
but
you
know
10
20
years
down
the
road
or
wherever
that
the
state
would
still
be.
F
Yes,
sir,
I
think
that's
a
very
fair
assessment.
If
you're
looking
for
my
specific
roi
on
a
model
that
does
not
include
all
of
the
other
ancillary
events
that
we
hope
to
occur,
and
then
it
doesn't
take
into
consideration
what
happens
when
those
local
communities
build
retail
and
hospitality
and
housing,
and
all
of
the
other
services
that
we
are
talking
about,
that
these
communities
are
all
going
to
grow
up
pretty
quickly.
Sir
leonard
lambert.
L
Thank
you
for
that
and
again
it.
It
sounds
like
a
heck
of
a
good
investment
to
me
for
the
state
of
tennessee,
and
especially
since
this
hopefully
does
have
an
end
date
on
it,
so
that
we
don't
own
the
land
at
the
mega
site
so
that
we
don't
own
on
the
wastewater
treatment
plant
and
that
we
are
passing
this
on
to
at
least
a
break
even
or
better
point
so
that
the
people
of
tennessee
are
out
of
this
particular
business.
But
an
area
is
thriving
that
has
never
thrived
before
so
again.
L
I
I
apologize
hard
work
and
really
everybody
on
this
committee
to
ensure
that
west
tennessee,
because
in
the
last
several
decades
it
has
not
grown.
In
fact,
the
most
recent
census
data
has
shown
that
it's
been
quite
the
opposite.
So
I
appreciate
y'all's
hard
work
and
I
look
forward
hopefully
to
the
passage
of
this
bill.
B
Thank
you
chairman
and
thank
y'all
for
being
here
today.
I
guess
I
I
don't
know
if
I
missed
it
or
get
didn't
catch
it,
but
how
much
is
this
going
to
cost
us
this
wastewater
and
this
water
plant
to
operate
until
we
could
possibly
sell
it?
Do
we
have
any
estimation
of
what
that's
going
to
cost
us
per
year
to
operate
that
because
we're
going
to
give
it
to
a
third-party
system
and
not
operate
it
totally
ourselves?
Is
that
correct.
F
F
We
at
the
state
have
the
ability
to
charge
market
rates
to
cover
the
state's
cost
to
operate,
not
only
operating
costs
from
day
one,
but
the
maintenance
costs
long
term.
So
we
don't
see
this
as
a
money
loser
when
it
comes
to
operating
the
water
in
wastewater.
Having
said
that,
there
is
a
start-up
cost
to
build
out
the
infrastructure
that
general
services
will
be
responsible
for
managing.
J
Yes,
sir,
so
obviously
the
first
thing
is
to
build
everything,
so
we
will
spend
upwards
of
340
million
dollars
to
build
all
of
those
parts
of
that
water
and
wastewater
system
now
and
that'll
happen
over
the
next
two
years.
Now,
after
that,
exactly
how
much
this
cost
us
will
really
depend
on
the
tenants
of
the
site,
how
many
gallons
a
day
are
they
really
putting
in
the
pipe?
How
many
people
do
we
need
to
operate
the
system?
Those
sorts
of
things
are
yet
to
be
determined.
We
don't
have
an
actual
cost.
J
We
know
what
the
averages
are,
that
memphis
charges
for
those
things
or
jackson
charges
we're
going
to
be
in
that
zone
most
most
likely.
However,
we
still
have
to
confirm
that
information
with
ford
and
the
other
tenant
tenants
that
are
coming
to
the
mega
site,
because
a
lot
of
it
will
depend
on
the
volumes
that
they'll
be
putting
through
those
systems
or
how
much
water
wastewater
do
we
actually
have
to
process.
J
Yes,
sir,
and
we'll
actually
start
that,
probably
by
next
summer,
so
the
first
thing
we'll
do
here,
probably
after
the
first
the
year
is,
we
will
put
out
a
procurement
to
hire
a
company
to
actually
operate
the
system
when
we're
done
constructing
it.
So
for
about
a
year
t
deck
wants
to
have
that
company
in
place,
so
they
can
do
training.
Do
the
epa
permitting.
All
of
those
things
they
have
to
do
for
about
a
year
is
what
they
tell
us,
and
that
will
be
a
cost.
I.
B
B
F
Million,
whatever
yes
or
so,
I
want
to
separate
the
front
end
build
out
costs
that
the
state's
responsible
for
and
again
without
water
or
waste
water.
We
have
no
ford.
We
have
no
no
no
project,
so
we
accepted
that,
and
so
then
we
tried
to
figure
out
with
general
services
how
we're
going
to
deliver
water
and
waste
water,
and
so
these
numbers
that
we're
presenting
to
you
are
the
cost
of
completing
the
mega
site,
the
infrastructure
for
the
mega
site.
F
Now
the
project
and
the
facility
is
being
sized
for
about
4.6
million
gallons
of
wastewater
discharge
a
day.
So,
in
our
conversations
with
ford
for
the
sake
of
the
conversation,
they
may
be
responsible
again
for
the
sake
of
the
conversation
less
than
a
million
gallons,
and
then,
with
the
joint
venture
from
the
battery,
they
will
take
up
some
of
the
capacity
we're
recruiting
another
company,
a
non-automotive
company
that
will
take
up
some
more
of
the
capacity.
F
Now
the
beauty
is
as
soon
as
they
start
operating.
They
will
start,
they
will
start
the
water,
and
the
discharge
of
the
wastewater
should
be
pretty
doggone
constant.
So
it's
not
like
you
go
build
a
water
waste
water
and
then
you
go
to
a
development,
and
you
bring
on
the
first
house
and
the
second
house
when
we
turn
this
on.
We
are
confident
that
ford's
water
and
wastewater
discharge
amounts
will
be
fairly
static
and
we're
also
going
to
bring
on
the
battery
plant
at
the
same
time.
F
So
we
have
a
great
built-in
customer,
that's
going
to
be
generating
a
significant
amount
of
water
and
wastewater
of
which
we
will
have
the
ability
to
charge
market
rates,
to
make
sure
that
the
state
does
not
place
itself
in
a
position
where
we're
going
to
be
subsidizing.
The
operations
on
an
ongoing
basis.
G
G
Those
those
rates
will
not
have
to
include
the
upfront
cost
that
we
will
have
already
invested
in
the
capital
cost,
and
so
we're
able
to
charge
them
the
fair
market,
fair
market
rate
which
we've
already
sunk,
the
early
capital,
cost
that
we're
talking
about
here
into
those
rates,
and
so
usually
usually
those
fair
market
rates
would
be
capturing
both
of
those
costs
operating
as
well
as
capital,
and
so
it
puts
us
in
a
good
position
to
be
able
to
do
exactly
what
commissioner
pointed
out.
A
Thank
you,
mr
chairman,
and
just
a
couple
of
quick
follow-up
questions.
First
of
all,
commissioner
ely,
I
believe
I
heard
you
say
that
the
or
maybe
it
was
our
general
service,
commissioner,
but
the
work
that
is
going
to
be
done
for
this
infrastructure
that
it
will
go
through
the
state
building
commission
process,
the
the
regular
process
that
we
would
use
for
any
other
state
buildings.
A
So
yes,
ma'am,
that
is
correct.
Okay,
just
want
to
make
sure
that's
on
the
record,
then
I
guess,
commissioner
roth,
for
you
the
tcat.
We
have
40
million
dollars
in
this
appropriations
bill
for
the
tcat.
A
Does
that
include
the
equipment
or
I
know
with
volkswagen,
we
built
the
volkswagen
academy,
but
volkswagen
provided
the
equipment
because
it
was
their
robots
and
the
things
that
they
would
be
using
in
their
plants
that
they
wanted
their
employ
future
employees
to
train
on.
So
is
that
40
million
dollars
all
in
for
the
tcat
so.
F
What
we've
proposed
to
ford
motor
company
is
up
to
40
million
dollars
to
not
only
build,
hopefully
a
world-class
tcat,
but
also
provide
the
equipment
to
get
them
started
now.
The
next
question
is
going
to
be
who's
going
to
be
responsible
for
the
cost
of
the
ongoing
cost
of
training,
and
that
will
that
will
reside
inside
the
the
tcat
system
or
the
tbr,
the
tennessee
board
of
regents.
So
there
will
be
I'm
sure,
some
ongoing
training
costs.
The
state
is
not
responsible
in
perpetuity
and
we
are
still
negotiating
what
that
initial
term
is.
F
Is
it
five
years
or
seven
years
or
ten
years?
But
again
that
was
a
commitment
that
we
made
that
made
a
difference
in
landing
forward
that
the
state
would
stand
shoulder
to
shoulder.
Because,
again,
let
me
go
back
to
their
great
concern
and
it's
not
just
ford
motor
company.
Today,
it's
every
company
and
that's
lack
of
human
capital,
and
so
we
again
put
our
best
foot
forward
to
assure
them
that
not
only
will
we
build
a
world-class
tea
cat
and
they
came
to
that
conclusion
after
we
took
them
to
the
world-class
tea
cat
for
nissan.
F
Okay.
So
they
toured
that
facility
and
they
got
their
head
around
what
they
thought
and
again
this
differentiates
tennessee
from
some
of
the
other
other
states
that
were
competing
for
this
business.
So
again,
that's
going
to
be
the
board
of
regents,
that's
a
budget
number
and
they
will
go
about
the
process.
Ecd
will
not
go
about
procuring
how
to
build
it,
how
to
design
it,
how
to
lay
it
out,
and
that
will
again
we
will.
We
have
partners
in
this
trade.
We've
got
tdot
on
them
on
the
road
we
have
our
friends
at
general
services.
A
A
F
H
We've
talked
about
everything
but-
and
I
know
we've
already
appropriate
money
for
broadband.
I
think
half
a
million
this
year,
maybe
in
a
million
next
year-
I'm
not
sure,
but
it's
already
been.
So
how
is
that
going
to
work
in
that
area,
because
I
realize
they're
going
to
need
some
immediate
broadband
in
that
area?
So
could
you
just
talk
a
little
bit
about
I,
whoever?
Yes,
how
that's
going
to
work
and
is?
Is
that
money?
That's
already
been
appropriate,
the
broadband
money?
Can
you
talk
about
that?
The.
G
Broadband
money
is,
as
you
remember,
we
we
appropriated
you
appropriated
100
million
dollars
in
last
year's
budget,
our
regular
budget.
G
We
came
back
in
working
through
the
fsag,
the
our
accountability
group,
in
conjunction
with
our
legislative
members,
and
we
came
forward
with
a
500
million
dollar
addition
to
that
400
million,
which
would
be
put
into
construction,
100
million,
which
would
be
put
into
adoption
to
to
get
and
help
people
to
to
bring
up
broadband
once
they
receive
the
ability
to
do
so,
and
so
that
is
currently
part
of
our
federal
funds
that
have
been
set
aside
to
do
that
and
I'll
I'll
turn
it
to.
G
Commissioner
roth,
his
department
is
managing
that
process
as
to
getting
those
dollars
out
the
door
which
is
which
is
all
separate
from
this
commission.
F
Yes,
or
so,
as
as
you
know,
you
guys
were
very
thoughtful
long
before
broadband
was
an
it
issue
long
before
covid,
the
general
assembly
put
together
a
great
program,
so
we've
now,
four
years
later,
we
have,
I
think,
the
right
infrastructure
to
not
only
be
thoughtful
about
managing
and
scoring
these
requests
for
capital.
Now,
an
extra
100
or
400
million
dollars
is
an
enormous
lift,
but
we
have
the
infrastructure
in
place
to
make
sure
that
we
get
those
dollars
out
the
door
to
help
these
rural
communities.
Sir.
D
Thank
you,
mr
chairman.
Thank
you,
commissioner,
for
being
here
question
about.
We
were
talking
about
the
tcas
and
the
training
and
building
the
new
facility.
I'm
wondering
had
we
thought
about,
or
are
we
looking
at
long-term
investment
in
k-12
as
well
like
in
memphis,
we
have
tresman
high
school,
that's
doing
great
vocational
technical
training
and
education.
I'm
wondering.
Are
we
increasing
our
investment
at
the
high
school
level
to
prepare
them
as
well
as
they
you
know,
matriculate
into
to
maybe
community
college
or
another
tcat
or
so
has
that
been
in
the
mix?
F
Yes,
so
later,
yes,
ma'am,
so
the
short
answer
there
is,
the
governor
has
been
very
thoughtful
through
the
give
act
and
is
for
us
to
be
successful.
D
All
right,
thank
you.
I
appreciate
that
answer
also.
I
presume
that
there's
conversation
around
the
community
colleges
as
well
like
southwest
community
college
and
some
of
the
demonstrated
work,
they've
already
done
with
industry
and
creating
certification
programs
and
as
you're
preparing
for
next
year's
budget,
we
could
be
thinking
about
how
we
can
invest
in
in
in
those
institutions
that's
kind
of
already
at
the
forefront.
So
before
the
tcat
is
finished,
you
already
have
a
pipeline
of
people
training
getting
developed
to
be
able
to
take
on
some
of
these
jobs.
G
I
I
think,
you're
exactly
right
leader.
I
know
that
that
we're
already
discussions
are
being
had
to
to
look
at
our
community
colleges
to
look
at
k-12
to
look
at
all
of
our
delivery
model
in
west
tennessee
and
for
the
entire
state,
from
an
automotive
standpoint
as
to
how
we
emphasize
this.
This
new
treasure
that
we
have
in
being
able
to
have
this
right
here
on
our
doorstep.
D
Thank
you
one
last
question,
mr
chairman.
This
is
around
the
transportation
picture
and
what
we're
seeing
as
far
as
moving
people
long-term
to
and
from
I
know,
we're
building
the
off-ramp,
but
I
imagine
we're
thinking
about
how
do
we
get
people
to
and
from
if
we're
talking
about
thousands
of
cars
every
day
moving
in
and
out-
and
I
know
we're
in
like
I
said-
we're
in
a
budget
a
season
right
now-
it
may
not
be
in
this
particular
bill,
but
I
imagine
we're
talking
about
that.
D
We're
thinking
about
that
and
as
a
part
of
the
overall
investment
that
the
state
is
going
to
make
in
making
blue
oval
city,
the
dynamic
transformational
place
it's
going
to
be.
G
Yeah,
I
would
agree
with
you,
I
think
transportation
and
getting
getting
people
where
they
need
to
be
getting
getting.
People
from
where
they
are
to
the
jobs
is
paramount
in
being
able
to
to
to
get
the
benefits
that
we're
talking
about
here,
and
you
know,
as
in
any
any
development
of
an
area,
we're
going
to
continue
to
see
more
and
more
need
for
transportation
and
mobility
to
be
able
to
get
people
where
they
need
to
be,
and
so
it'll
definitely
be
a
part
of
the
conversation
going
forward.
F
F
F
So
our
lift
is
only
beginning
and
that's
to
have
a
workforce
prepared
and
you're
spot
on
about
how
important
that
is,
and
okay,
we
if
we
have
a
great
workforce,
we're
going
to
need
to
make
sure
they
can
get
there
and
they
can
be
there
on
time.
But
the
great
news
is
the
quality
of
these
wages
are
going
to
be
such
that
a
lot.
I
think
everybody
that
would
be
coming
to
this
campus.
F
Hopefully
those
those
wages
are
going
to
be
such
that
there
will
be
resources
that
will
be
far
and
above
what
we're
seeing
in
the
local
wage
market.
Today,
leader,
camper.
L
Thank
you,
mr
chairman,
just
to
follow
up
on
that
two
points
that
are
on
the
appropriations
board
of
this
and
I'll
say
this
is
just
a
simple
country
lawyer,
but
my
law
office
is
30
minutes
from
my
home
and
I
travel
about
45
minutes
or
more
depending
upon
traffic
back
and
forth
to
the
legislature
every
day
where
this
is
located.
I
I
know
in
in
city
terms
or
metropolitan
terms,
that
might
seem
like
a
long
way
away
for
those
of
us
that
live
in
rural
areas.
L
Driving
30
minutes
to
work
is
no
big
deal
if
you're
driving
through
the
hills
of
tennessee
and
enjoying
kind
of
the
scenery,
it's
actually
kind
of
enjoyable
to
clear
your
head,
but
just
want
to
throw
that
out
there
and
it's
a
beautiful
area.
This
will
potentially
be
in.
The
other
thing
I
wanted
to
mention
and
remember.
This
is,
is
kind
of
a
monumental
thing
that
hasn't
been
mentioned.
There's
200
million
dollars
in
here
for
road
projects
that
are
very
clearly
as
part
of
an
ecd
project.
L
This
is
the
first
time
we've
recognized
that
in
an
appropriations
bill,
I
humbly
hope
that
we
will
continue
to
do
that,
because
if
we
were
taking
200
million
dollars
out
of
tdot's
budget
and
and
I've
gotten
representative
hawk's
attention
now,
because
we've
talked
about
this
for
years
and
chairman
howell
as
well,
I
mean
that
would
be
200
million
dollars
worth
of
road
projects
that
will
be
coming
out
of
everybody
else's
district
for
the
benefit
of
this
project.
That's
not
fair
to
the
tdot
budget
or
the
rest
of
the
state.
L
So
I
hope
that
we
keep
this
in
future
budgets
and
I'm
trying
real
hard
to
not
look
at
commissioner
ely
right
now,
but
I
hope
we
keep
this
in
future
budgets
so
that
ecd
projects
that
involve
roads
come
out
of
the
general
fund
and
the
ecd
budget,
not
out
of
tdot's
base
budget.
So
I
just
want
to
say
that
out
loud
because
it
may
or
may
not
be
something
that
you
notice
as
part
of
this
appropriations,
but
I
think
it's
a
really
important
part
of
it.
C
G
Say
one
more
thing:
yes,
commissioner,
I
I
think
it's
it's
been
said,
and
I
think
chair
hazelwood
started
at
the
beginning
talking
about
this
of
where,
where
these
dollars
in
the
appropriations
bill
would
be
going
to.
But
I
just
I'd
be
remiss
if
I
didn't
say
really
the
reason
we're
able
to
do.
This
is
because
of
the
sound
financial
and
physical
policy
that
that
that
this
body
has
brought
to
this
state-
and
we
are
sitting
in
a
position
here
today
to
be
able
to
fund
this
entire
project.
G
We
already
have
about
2.1
billion
dollars
that
are
over
collected
for
fiscal
year,
21
that
we'll
be
able
to
use
in
this
fiscal
year
to
be
able
to
to
pay
for
the
entire
amount
of
this
project
without
borrowing
a
single
dime
and
it'll
be
a
great
asset
for
the
people
of
tennessee,
and
so
it's
largely
due
to
to
the
financial
good
financial
policies
that
this
committee
is
has
set
forth
and
just
appreciate
the
leadership
of
this
group.
So
thank
you
for
that
all
right.
Thank
you.
A
Thank
you,
mr
chairman.
I
would
just
again
say
that
I
think
I
speak
for
every
member
of
this
committee
and
of
this
legislature
and
saying
how
excited
we
are
about
this
project.
It
can
be.
It
will
be
a
game
changer
not
only
for
west
tennessee
but
for
our
state
in
a
very
positive
way.
So
I
think
our
our
questions
and
our
concerns
are
just
with
the
process.
We're
all
excited
about
the
the
outcome,
but
our
questions
and
our
concerns
about
you
know
exactly
what
road
we're
going
to
take
to
get
there.
A
But
again,
I
would
like
to
thank
commissioner
roth,
his
team
governor's
office,
mr
ely,
and
all
of
those
who
work
very
hard
to
to
bring
this
project
to
fruition,
and
I
would
like
to
echo
commissioner
ely's
comments
that
it
is
because
of
the
sound
fiscal
policies
of
the
state
that
have
been
they're
historical.
They
have
preceded
us.
Hopefully
they
will
supersede
us
as
well
and
they've
put
us
in
the
position
to
be
able
to
fund
this
project
when
it
came
along.
C
E
Well,
thank
you
very
much
and
I
don't
appreciate
the
majority
leaders
comments
on
on
transportation
funding
and
some
possibility.
We
had
a
plan
a
few
years
back
that
that
might
have
helped
us
in
this
in
this
particular
effort-
and
I
I
do
want
to
remind
folks
that
that
we
certainly
welcome
companies
here
and
we
hope
that
they
understand
and
appreciate
our
tennessee
values.
E
We
asked
those
companies
to
remember
why
they
decided
to
locate
here,
that's
very
important
to
us
into
this
tennessee
legislative
body.
I
I
must
remind
that
our
potential
remind
our
potential
new
neighbors
in
west
tennessee,
that
when
the
tennessee
titans
played
the
detroit
lions,
we're
still
gonna
root
for
the
titans.
So
I
think
that
goes
without
saying
and
just
remembering
our
tennessee
values
and
our
tennessee
roots.
So
thank
you
very
much
chairman.
Thank
you,
lady
hazelwood,
for
presenting
a
very
good
bill.
C
L
Chairman,
I
know
there
are
at
least
two
amendments
that
have
been
filed:
they're
not
administration
amendments,
but
I
know
they
have
been
filed,
believe
for
consideration.
Would
the
chair
like
to
take
those
up
first
or
leader?
Gant
has
a
recitation
of
kind
of
what
this
bill?
Does
it's
a
bit
more
intricate
than
the
last
bill?
It
does
go
hand
in
hand
with
the
last
bill
for
the
money
that
we've
just
appropriated
to
be
appropriated.
A
Legally
you're
exactly
correct,
we
do
have
the
two
amendments.
I
think
it
would
be
appropriate
to
get
those
in
so
that
we
have
the
bill
before
us
as
we
will
be
ultimately
voting
on
it
and
then
we'll
have
the
presentation.
A
C
Thank
you
chair,
lady
and
members.
This
is
a
pretty
simple
amendment.
If
you
go
back
and
look
at
the
bill
as
it
was
originally
drafted,
it
shows
that
the
current
bill,
as
far
as
the
makeup
of
the
board,
would
be
the
governor
points
to
the
speaker.
The
house
points
one,
the
speaker,
the
senate
points
one
appoints
one,
and
then
you
would
also
have
the
commissioner
of
ecd
the
commissioner
of
finance,
commissioner
general
services,
which
makes
a
total
of
seven.
C
This
amendment
simply
would
make
a
nine
member
board
where
three
members
would
come
from
appointed
would
be
coming
from
the
appointment
of
that
governor
three
members
would
be
appointed
by
the
speaker,
the
house
three
members
would
be
coming
from
the
appointment
from
the
speaker
of
the
senate.
Also
one
member
of
the
house
of
representatives
would
represent
and
they
would
live
in
the
they
would
actually
live
and
they'll
be
located
to
where
the
authority
actually
well
the
side
of
the
of
the
actual
project.
C
One
member
of
the
senate,
who
represents
the
area
where
their
authority
is
located
to
be
appointed
by
the
speaker,
the
senate.
Also,
the
commissioner
of
economic
development
would
be
a
official
non-voting
member.
The
commissioner
of
finance
administration
would
also
be
an
ex
officio
non-voting
member
or
the
commissioner's
designee,
and
the
commissioner
of
general
services
would
be
an
ex-officio
non-voting
member
as
well,
and
that's
what
this
does.
A
You've
heard
the
explanation:
are
there
any
discussion
on
the
bill?
Question's
been
called.
The
question
has
been
called
on
the
amendment.
A
All
right,
the
question
has
been
called
all
those
in
favor
of
amendment
009989,
please
signify
by
saying
aye
any
opposed
yeah.
I
have
it:
zero,
zero,
nine,
nine
eight
nine
has
been
attached
to
the
bill.
We
have
our
next
amendment.
We
had
two
file,
but
I
believe
representative
garrett
you're
only
moving
forward
with
drafting
code
zero,
one,
zero,
zero
one
zero.
Is
that
correct.
K
Thank
you,
madam
chair.
What
this
amendment
does
in
in
on
page
13
of
the
original
bill.
It
talks
about
issuing
civil
penalties.
If
a
person
violates
the
land
use
regulations
adopted
by
the
authority,
it
kind
of
had
an
odd
procedure.
What
it
did
was
in
the
original
legislation.
K
If
you
violated
this
and
was
it
was
sanctioned
with
a
civil
penalty,
you
actually
started
the
administrative
law
judge
and
then,
if
you
wanted
to
appeal
that
it
went
back
to
the
board
and
the
board
got
a
first
crack
at
to
discuss
that
particular
civil
penalty
to
either
uphold
it
or
or
get
rid
of
it,
then
it
went
actually
the
chance
record
and
that's
actually
backwards,
and
so
I
don't
know
any
procedure
that
that
goes
like
that.
K
Instead,
what
my
amendment
does
it
actually
shortens
the
bill
and
makes
the
process
more
streamlined
and
makes
the
time
frames
a
little
bit
less
when
someone
is
obsessed
with
a
civil
penalty,
it'll
actually
go
back
to
the
authority
first
for
them
to
say
whether
or
not
they
want
to
uphold
it.
It
provides
for
a
remedy
to
cure
it
if
it's
possible,
if
they
think
they've
remediated
the
particular
civil
penalty
or
issue
that
that
constitutes
the
civil
penalty.
That
can
actually
cure
that,
if
not,
if
they
uphold
that,
then
the
particular
person
that's
been
assessed.
K
The
civil
penalty
can
then
appeal
it
to
the
administrative
law
judge.
The
administrative
law
judge
can
rule
on
that
particular
issue
and
if
they
disagree
with
that
particular
ruling,
they
can
then
provide
relief
in
the
chancery
court.
Also
the
bill
provided
for
that
jurisdiction
to
be
in
davidson
county.
The
jurisdiction
is
going
to
be
in
this
new
revised
amendment
going
to
be
in
madison
county
and
the
final
amendment
to
the
original
legislation.
K
When
someone
was
assessed,
the
civil
penalty,
there
was
no
notice
provided
to
that
person
written
or
otherwise,
and
it
adds
language
that
the
authority,
if
they're
going
to
assess
a
civil
penalty,
needs
to
make
sure
they
provide
written
notice
to
the
person
that's
being
assessed
with
that
civil
penalty.
So
with
that,
madam
chair
I'll
be
happy
to
answer
any
questions
on
that
amendment.
L
You,
madam
chairman,
it's
it's
just
an
honor
to
be
able
to
address
each
amendment
if
I
can,
just
very
briefly
only
as
a
sponsor
the
bill,
and
I
should
have
put
my
hand
up
better
last
time
on
this
one,
I
will
say:
I've
worked
with
representative
garrett
throughout
most
of
the
day
on
this.
This
particular
amendment
is
a
much
better
version
than
what
the
original
bill
was,
and
I
will
say
I
would
consider
it
as
a
friendly
amendment.
L
I
mean
it
the
bill
itself
and
I
don't
really
know
why,
but
it
had
some
old
language
in
there
on
where
some
of
these
would
be
heard.
Any
of
these
issues-
and
this
quite
frankly
I
think,
streamlines
the
version
much
better,
so
I
only
want
to
state
for
whatever
it
is
worth
that
I
have
worked
representative
garrett
on
this,
and
I
applaud
his
efforts
on
it.
A
L
Amen,
I'm
chairman,
and
I
and
I
appreciate
that
and
and
there
it
is
a
very
technical
explanation
of
the
amendment
that
deals
with
really
the
structure
of
different
civil
penalties
and
how
those
would
pres
proceed
through
the
judicial
system,
and
so
it
is
a
more
I
would
say,
and
I'm
looking
at
the
sponsored
amendment,
but
now
that
it's
part
of
the
bill.
It
is
really
using
more
recent
language
that
we've
kind
of
gone
to
so
used
to.
We
would
send
every
one
of
those
type
of
complaints
to
one
court.
I
A
All
right,
thank
you.
We
have
the
bill
is
appropriately
before
us,
but
before
we
hear
the
explanation
of
the
bill,
we
have
someone
who
has
requested
to
testify
she's
been
very
patiently
waiting.
The
rest
of
us
have
to
hang
around,
but
we
will
invite
her
to
come
forward.
A
She
is
deborah
fisher
with
the
tennessee
coalition
for
open
government.
We
will
go
out
of
session
without
its
objection
for
her
testimony
and
ms
fisher
we're
asking
that
you
limit
it
to
five
minutes
and
you
wouldn't
hurt
our
feelings.
If
you
were
under.
M
Yeah
got
it:
I'm
deborah
fisher,
executive,
director
of
tennessee
coalition
for
open
government,
an
organization
that
has
been
working
since
2003
tracking
access
to
public
records,
no
in
tennessee
and
promoting
the
public's
right
to
know
what
their
government
is
doing.
M
M
We
think
the
bill
creates
exemptions
that
would
obscure
the
operation
of
the
mega
site
authority
and
economic
development
up
deals
and
the
details
of
those
deals
and
surrounding
those
grants
and
conveyances.
We've
heard
today
a
lot
in
this
committee
and
other
committees,
the
broad
powers
that
this
mega
site
authority,
basically
creating
another
government,
a
little
government
to
run.
You
know
a
pretty
big
and
important
operation
for
the
state.
M
So,
specifically,
those
are
our.
Our
main
concerns
are
in
64
9
113
b.
All
of
them
are
in
113.
and
b
a
contract.
M
That
the
mega
site
authorities
board
of
directors
would
have
to
vote
on
or
any
agreement
would
not
necessarily
be
public
at
the
public
meeting
in
which
they
would
vote,
because,
according
to
the
language
here,
it
could
be
kept
secret
until
the
agreement
is
entered
into
or
signed.
So
we
oppose
a
governing
body
such
as
the
mega
site
authorities,
board
of
directors
voting
on
an
agreement.
When
that
agreement
is
confidential,
it
would
essentially
be
a
public
vote
on
secret
details.
M
M
Governing
bodies
that
have
to
approve
local
economic
development
deals
and
that
language
allows
the
information
to
be
confidential
until
the
information
is
presented
to
the
governing
body.
You
know
in
advance
of
a
vote,
so
it's
that
language
allows
for
the
kind
of
confidentiality
that
this
I
think
is
getting
at.
But
the
language
here
is
overly
broad
and,
I
think,
creates
a
problem.
M
Our
biggest
concern
with
113
is
c,
and
that
is
what
is
most
troubling
to
us.
It
allows
the
ceo
of
the
mega
site
authority
to
keep
a
public
record
confidential
for
five
years.
If
the
ceo
determines
that
the
record
is
sensitive
and
would
harm
the
ability
of
the
authority
to
basically
do
its
job-
and
I
understand
that
this
was
also
copied
over
from
a
similar
exemption.
M
That
ecd
has
that
commissioner
roth,
or
the
commissioner
of
ecd
can
has
a
similar
discretion,
which
also
would
allow
the
ag
or
require
the
ag
to
be
in
agreement
with
it.
Our
concern
about
this
is
that
is
overly
broad
in
previous
committees.
The
answer
has
been
well,
we
rarely
use
it
and
it's
really
for
our
playbook
information.
So
other
states
don't
know
what
we're
doing.
I
get
that,
but
that's
not
what
the
exemption
says.
This
just
says
a
public
record,
including
proprietary
information.
M
M
The
the
last
thing
that
we
are
concerned
about
is
the
definition
of
proprietary
information
in
e1,
and
we
have
seen
increasingly
some
of
you
have
heard
about
this
before
companies
that
assert
that
government
information,
such
as
the
value
of
government,
land
or
payment
to
a
private
entity
by
the
government,
is
confidential
because
it
is
proprietary
to
the
company,
because,
if
a
competitor
knew
about
it,
they
could
compete
and
it
meets
the
definition.
M
This
has
happened
in
tennessee
with
google
at
the
mega
site
in
montgomery
county
in
clarksville,
where
google
asserted
that
the
value
of
the
buildings
on
the
land
that
the
government
was
conveying
to
google
to
use
and
may
have
an
option
to
buy
is
confidential,
because
google
considered
that
something
that
its
competitors
would
deem
competitive
so
anyway,
the
point,
though,
is,
is
that
there
should
be
a
bright
line
between
and
and
it
is
possible
in
the
language
to
make
a
bright
line
between
you
know
what
is
government
information
that
the
business
cannot
say
them
becomes
their
proprietary
information.
A
You,
and
I
know
it's
always
a
balancing
act
between
keeping
proprietary
information
that
would
put
a
company
at
a
competitive
disadvantage
and
with
transparency
to
the
citizens.
So
we
appreciate
your
concerns
and
your
oversight.
Thank
you.
Thank
you
very
much
with
that.
We
are
back
in
session
and
leader
gant,
you're
recognized
or
leader
lampard,
whichever
leader
wants
to
lead
at
this
point,
go
for
it.
Thank.
N
You,
madam
chair,
I
would
ask
you,
madam
chair
and
the
committee,
would
you
want
the
long
version
or
the
short
version
of
of
this
presentation.
N
Okay,
okay,
you
want
me
to
just
proceed:
okay,
all
right,
okay,
all
right!
Thank
you,
madam
chair
and
committee.
The
project
is
projected
to
generate
temporary
construction
benefits,
including
5.6
billion
in
capital
investments
and
the
equivalent
of
approximately
33
000,
temporary
direct,
indirect
and
induced
jobs
supporting
the
construction
period.
N
Approximately
1.87
billion
in
total
earnings
are
related
to
this
multi-year
construction
activity
as
well.
The
project
will
have
a
substantial,
long-term,
long-term
economic
impact
on
the
region
after
the
construction
period.
The
project
is
anticipated
to
generate
more
than
27
000
new
jobs
through
direct
project
activity,
as
well
as
indirect
and
induced
economic
activity
supporting
the
project's
operation
and
its
workforce.
N
N
The
total
project
size
is
5.6
billion
investment
and
5
760
jobs
projected
jobs
and
investment
in
property.
Split
between
ford
and
joint
venture
jv
partner
battery
plant
sk
innovation
is
assumed
to
be
the
jv
partner
battery
plant.
It
is
important
to
note
that
the
joint
venture
has
not
been
officially
formed
yet,
but
is
in
the
process.
N
N
N
Volkswagen
committed
to
create
5000
jobs
with
a
2.4
billion
capital
investment
state
to
build
own
and
operate
a
40
million
dollar
tcat
operation
state
to
build
and
own
and
operate
water
and
wastewater
plants
to
serve
mega
site,
serve
the
mega
site
state
to
build
a
second
interchange
on
I-40
by
tdot
long-term
payment
in
lieu
of
taxes.
The
pilot
leases
with
purchase
option
of
3
600
acres
on
the
memphis
regional
mega
site,
additional
resources
included
in
the
memorandum
of
understanding
from
existing
funding.
N
Not
in
and
make
note.
This
is
not
in
the
new
appropriations
bill,
there's
2
million
grant
for
electrical
vehicle
related
workforce
development
with
tdec
21
million
in
kind,
not
a
grant
workforce
support
such
as
job
fairs
and
screening,
federal
funding
that
will
pass
through
tnlwd
and
then
a
400
000
rev
grant
to
from
ornl.
N
The
rev
grant
program
at
ornl
was
supported
by
state
funding
to
help
companies
with
high-tech
business
innovation
state
to
act
as
industrial
development
board
idb
to
collect
pilot
payments.
Pilot
payments
are
locked
in
for
30
years
for
ford
and
jv
partner
battery
plant,
all
pilot
payments
delivered
to
local
governments
for
infrastructure,
schools,
safety,
healthcare
and
others.
N
The
pilot
payments
represent
a
property
tax
abatement
of
approximately
75
percent,
meaning
that
ford
and
the
jv
partner
will
be
responsible
for
25
percent
of
what
the
actual
property
tax
bill
would
ordinarily
be
and
the
schedule
of
pilot
payments
to
be
made
by
ford
and
its
jv
partner
on
a
30-year
scale.
The
first
payment
is
due
october,
1st
2023,
and
the
total
of
the
pilot
payments
is
269
million
in
payments
to
the
local
governments,
tva
to
provide
power,
substations,
etc.
N
A
lanr
pipeline,
tc
energy
will
provide
the
natural
gas
the
accountability
structure
for
this
project,
based
on
500
million
capital
grant
and
175
million
agreed
upon
value
of
memphis
regional
mega
site.
Land
improvements,
ford
and
jv
partner
must
hire
and
maintain
at
least
90
percent
of
the
5760
jobs.
N
5184
on
the
10th
anniversary
date
of
the
accountability
agreement
to
avoid
clawbacks,
which
is
the
90
percent
grant,
jobs
and
accountability,
will
be
split
between
ford
and
the
jv
partner.
With
details
of
the
split
to
be
determined,
the
pilot
has
separate
accountability.
After
10
years,
pilot
payments
will
increase
if
the
number
of
jobs
decrease
state
is
protected
against
bankruptcy
for
10
years,
state
retains
ownership
of
land
and
buildings
if
ford
and
jv
partner
fails
to
perform
under
the
accountability
agreement
and
or
declares
bankruptcy.
A
Thank
you
later
gant.
We
have
bill
before
us.
We
have
the
amendments.
I
know
there
are
a
lot
of
questions
it's
getting
late.
I
know
that
we
will
need
to
go
out
of
session
at
some
point
and
ask
for
our
various
commissioners
to
to
come
back
and
answer
questions,
since
it
is
in
east
tennessee,
it's
really
late,
so
I
would
recess
this
committee
until
9
00
a.m.
In
the
morning.